David M. Mosier

Having joined Knox Law in 1981, Mr. Mosier’s practice includes business and tax transactions with significant experience in insurance agency and broker purchases and sales. His work with agency owners has enabled him to understand the nuances of insurance agency transactions and his practical, reasoned approach has effectively guided clients as the market has evolved from local and regional activity to private equity funded acquirers with a national focus.

Mr. Mosier also has significant experience in life and death planning for retirement benefits, distributions and beneficiary designations. He designs and drafts employee pension and welfare benefit plans and represents plan sponsors, trustees and administrators.

He is the firm’s liaison to Lawyers Associated Worldwide (LAW), a global association of 100 independent law firms representing a global resource of more than 4,000 lawyers in more than 50 countries around the world.

Related Experience

Transaction Activity

• Although insurance agency transactions slowed in the second quarter of 2020, the purchase and sale activity rebounded in the third quarter with 466 reported transactions for the first three quarters of 2020 [as compared to 499 transactions reported for the first three quarters of 2019]. Data for the calendar year 2020 are not yet available. Over the course of 2020, our work included nine (9) insurance agency purchase and sale transactions ranging from $4.5 million to sale transactions with closing, equity and earn-out values in excess of $35 million.
  
• The purchase and sale activity is proceeding without abatement in 2021. In January 2021 our work includes representation involving two agency sales transactions.
• Typical purchase consideration consists of cash at closing, contingent earn-out payments and purchaser equity.

Retirement and Welfare Benefits Activity

• Restated the Knox Law IRS Pre-Approved Volume Submitter Defined Contribution Plan for compliance with the Cycle 3 restatement requirements
  
• Restated the Knox Law IRS Pre-Approved Volume Submitter Defined Benefit Plan, which now includes the cash balance plan option, for compliance with the Pension Protection Act

Lawyers Associated Worldwide

• Each LAW member is proficient in English so you can smoothly and easily conduct business around the world.
• One phone call connects you to a global network.
• The LAW network is a resource for finding a business prospect, consummating an international transaction, negotiating licensing arrangements or solving import/export problems.
• LAW allows you to you find local resources, such as accountants, architects, or engineers.

Speaking Engagements & Publications

• Firm's Annual Professional Advisor Symposium, October 2014-2016; 2018
  
• Northwest's Employee Benefits Management Lunch & Learn, Erie and Cranberry Township, September 2016
• HVA Senior Living Alliance Long-Term Care Seminar, May 2014: Affordable Care Act Refresher and Update
• SECURE Act of 2019: Changes Effective January 1, 2020
• 2020 Dollar Limitations on Benefits and Contributions
• Cybertheft and Retirement Plan Assets
• Agent and Broker Mergers and Acquisitions
• IRS Expands Self-Correction Program
• Pennsylvania Breach of Personal Information Notification Obligations
• The Affordable Care Act: The Gift that Keeps on Giving
• Cadillac Tax: Why You Should Prepare for 2018
• ACA: Post King v. Burwell Landscape
• SCOTUS Opinion on King v. Burwell
• FAQ’s On Reporting Employer-Provided Health Insurance Offer and Coverage
• SBA Proposes Amendments to Sole Source Authority for Women-Owned Small Businesses
• After Tax Season: What To Do If You Receive a Letter from the IRS
• Reporting Employer-Provided Health Insurance Offer and Coverage
• Pending Supreme Court Ruling on Tax Credits
• Employer Payment Plans: IRS Caution Regarding ACA Penalties
• IRS Guidance Regarding Employee Benefit Plans and Same-Sex Marriage
• Affordable Care Act Final Regulations Part IV: Non-Calendar Year Plans
• Affordable Care Act Final Regulations Part III: Monthly Measurement of Full-Time Employees
• Affordable Care Act Final Regulations: Part II: 2015 Transitional Relief for Applicable Large Employers
• Affordable Care Act Final Regulations: Part I Overview
• The Affordable Care Act and Self-Insurance for Small Employers
• National Women’s Business Council 2012 Annual Report Recommendations
• Retirement Plan Service Provider Fee Disclosures: Employer Responsibilities
• The U.S. Supreme Court’s Health Care Reform Ruling: Impact on Employer Plans
• Attorney Collaboration and Why It Matters To You the Client
• New Year – New Disclosure Requirements in 2012: Part I Qualified Plan Disclosures to Participants; Part II Service Provider Disclosures to Plan Fiduciaries
• Marcellus and Retirement Planning Opportunities
• The BRICs and Your Business
• Erie Angel Network is Open for Business
• Leverage 401(k) Plan with Cross-Testing to Maximize Key Employee Benefits
• Cash Balance Retirement Plans: An Introduction
• Beneficiary Designations: Keep Them Current
• Planning for Assets Out of State and Out of the Country
• Allocating Certain Plan Expenses to Individual Participants’ Accounts in Profit Sharing 401(k) and other Defined Contribution Plans
• Credit for Small Employer Pension Plan Startup Costs

Community & Professional Service

• Presque Isle Rotary Club, Past President and Board of Directors

Firm Involvement

• Shareholder
• LAW Liaison